Nordic Oil and Gas Announces That the Fourth of Five Previously Drilled Wells
at Lloydminster Now on Production

Fifth Well Being Worked On - Should be Completed This Week

WINNIPEG, Nov. 8 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company"), (TSXV: NOG), is pleased to announce that the fourth of five previously standing and cased wells at Lloydminster, which were drilled last year, is now complete. This brings the total to 13 the number of wells now on production at Lloydminster.

"The fifth and final well from this group is now being worked on and should be on production later this week," Mr. Benson stated. He added that Nordic and its partners in the region are planning to drill two new wells in Lloydminster before the end of this year, and have identified two other wells for re-entry. As such, when all wells are on production, Nordic will have a 33 1/3% interest in 18 wells at Lloydminster by the end of 2010 or early 2011.

About Nordic Oil and Gas Ltd.

Nordic Oil and Gas Ltd. is a junior oil and gas company engaged in the exploration and development of oil, natural gas and Coal Bed Methane in Alberta and Saskatchewan. The Corporation is listed on the TSX Venture Exchange and trades under the symbol NOG. Nordic was one of the "2008 TSX Venture 50" companies, a ranking of the top 10 public venture capital companies in five industry sectors listed on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

This press release contains forward-looking statements with respect to Nordic Oil and Gas Ltd. properties, and matters concerning the business, operations, strategy, and financial performance of Nordic. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the estimates and projections regarding the properties are realized. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and Nordic does not undertake any obligation to update such statements except as required by law.

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For further information:

Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.
Tel. [phone]
Fax: [phone]
E-mail: [email protected]

www.nordicoilandgas.com